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writers' Association 3 15

Total gross interest and rents 50,409 93

Gross profit on sale or maturity of ledger assets: Bonds 7,918 13

Total Income $649,062 88

Total footings $1,953,297 24

DISBURSEMENTS.

Gross amount paid policyholders for losses (includ-
ing $54,332.26 occurring in previous years) $402,244 96

Deduct amount received for salvage, lire, $10,472.80;
reinsurance, fire, $105,594.68; discount, fire, $539.39 116,306 87

Net amount paid policyholders for loaups $285,938 00

Expenses of adjustment and settlement of losses 6,627 60

Commlsaionit or brokerage 180,588 81

Advertising 426 32

Postage, telegrams, telephone and express 107 t

Legal expenses ^r^,u..uuy ^WJ^glC



752 RHODE ISLAND INS. c6.

I'nderwrilers' boards and tnriflf nsBOciations 4,706 OS

Fire department, fire patrol and salvage corps assessmeuts, fees,

taxes and expenses 4, 111 82

Inspections and surveys 1,704 53

State taxes on premiums 11.328 23

Insurance department licenses and fees 4,063 80

All othey licenses, fees and taxes:

Federal corporation tax $26 67

CMty taxes and licenses 3,000 12



Other disbursements:

Surety bonds $387 87

CommisHion on investments 76 00

Auditing books 150 00



,026 0»



662 87



l>ald stockholders for interest or dividends 40,000 00

Gross loss on sale or maturity of ledger assets:

Bonds $5000

Stocks 7 37

57 37

Total disbursements $552,181 ei

Balance $1,401,115 03



LEDGER ASSETS.

Book value of bonds. $895,081.42. and 8tocks,$269,-
256.67 $1,164.938 00

Deposits in trust companies and banks on interest 86,847 22

Agents' balances representing business written sub-
sequent to October 1, 1913 149,230 32

Other ledger assets: Cash deposited with Philadel-
phia l^nderwriters* Association 100 00

Total ledger assets $1,401,115 63



NON-LEIXSER ASSETS.

Interest accrued on bonds $11,162 01

ITuited Traction & Electric Co 625 00

National Exchange Bank 150 00

TTniou Trust Co., dividends 300 00

American La France Fire Engine Co 350 00

Total 12.587 01

Other non-ledicrer assets: Reinsurance due on losses

paid Munich Reinsurance Co $29 37

Union BMre Ins. Co. of Paris, France 29 37

68 74

Gross assets $1,413,761 38



DEDUCT ASSETS NOT ADMITTED.

Book value of ledger assets over market valae 54,666 511

Total admitted assets ^.889.168 ?9



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RHODE ISLAND INS. CO.



LIABILITIES.

Gross losses adjusted and unpaid, not yet due $15,794 SS

Gross claims for losses in process of adjustment or
in suspense, plus $331.10; reserve for losses
incurred prior to December 31 of which no notice

had been received on that date 48,035 29

Gross claims for losses resisted 7,898 94



75§



Total $72,629 11

Deduct reinsurance due or accrued 26,513 83



Net amount of unpaid losses and claims $46, 115 28

Gross premiums (less reinsurance) received and receivable upon

all unexpired fire risks, $000,360.70; unearned premiums 480,26141

Estimated amount hereafter payable for federal,. state and other

taxes based upon business of the year of this statement 11,000^00

Commissions, contingent or other charges due or accrued 40,246 00



Total amount of all liabilities $586,622 <

Capital actually paid up in cash $100,000 00

Surplus over all liabUitles 372,480 10



Surplus as regards policyholders 772,480 10



Total liabilities $1,350,102 79



RISKS AND PREMIUMS.

Gross
premiums
Fire risks. thereon.

In force on the 3lst day of December, 1912 $110,364,829 $999,367 14

Written or renewed during the year 105,864,869 1,087,333 86

Total $216,219,698 $2,036,701 00

Deduct thos.e expired and marked off as terminated 84,514,101 826,101 89

In force at the end of the year $131,706,597 $1 ,210,599 11

Deduct amount reinsured 32,720,249 310,238 41

Net amount in force ! $98,985,348 $900,360 70

48— Ins.— I



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7^



kfidbB isLAkb li^s. M.



RECAPITULATION OF FIRE RISKS AND PREMIUMS.



Year
written.


Term.


Amount
covered.


Gross , J2
premiums ' og ! Amount of
charged, 1 5* premium
less re- i « g unearned.
Insurance. 1 £p


1913

1912

1918

1911

1912

1913

1910......

1911

1912

1018

1909


One year or less . . .

Two years

Two years

Three years

Three years

Three years

Four years

Four years

Four years

Four years

Five years


$43,285,719

326.025

107,428

0,525,670

10.632,074

14.958.642

73.680

4.44A

74,237

116,265

2,364,427

3.446,292

4.102,096

4,509,047

6.450.700

9.700


$391,278 06

3.178 25

880 80

78,883 67

88,023 26

131,502 72

1,255 90

143 40

639 62

848 78

26.848 84

87.933 90

40.287 42

44,948 63

64,862 19

276 27

1


1-2

1-4

3-4

1^

1-2

&-6

1-8

3-8

6-8

7-8

1-10

3-10

1-2

7-10

»-10

P.R.


$196,630 03

794 67

660 28

13.143 95

44,011 63

109.685 60

156 99

53 78

399 77

742 60

2.634 84

11.380 17


1910


Five years


1911


Five years


20.193 71


1912 . . .


Fiv© vcurs .••......


31,464 04


1913


Five years '


49.866 «
183 43




Over five years ....
Totals




$98,086,848


$900,360 70




$480,261 41



BUSINESS IN THE STATE OF WISCONSIN DURING THE TEAR.





Fire.


Tornado. TotaL


Gross risks written


$2,160,797
1.176.753


$141,500
78,775


$2,311,297


Less $748,312 risks cancelled, and
$507,216 reinsurance in companies
authorized in Wisconsin


1,256.628






Net risks written


$993,044


$62,725


$1,066,709




Gross premiums on risks written....

Less $5,540.77 return premiums; and
$4,537.72 premiums for reinsurance
in companies authorized In Wiscon-
sin


$21,149 48
9,092 87


$2,344 56
986 62


$23,494 04
10,078 49






Net premiums received


$12,006 61


$1,368 94


$18,416 55


Losses paid (deductlnfc salvage) ....


$5,666 93
911 12




$5,666 OS
911 12


1^88 losses on risks reinsured in com-
panies authorized in Wisconsin ...










Net losses paid


$4,766 81




$4,766 81






Losses Incurred


$5,830 91




$6.830 91
1,211 12


Less losses on risks reinsured in com-
panies authorised In Wisconsin ...

Net losses Incurred %


1.211 12








$4.619 79




$4,619 79







Digitized by



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BHODB ISLAND INS. CO.



755



tJNDfiHWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums ?...

Add unearned premiums Dec. 31, of
prcTious year



Total

Deduct unearned premiums Dec. 31,
end of tbe year



Premiums earned during tbe year



LOSSES.



Losses paid

Deduct salyage and reinsurance recov-
erable Dec. 31, end of the year . . .



Balance

Add salvage and reinsurance recover-
able Dec. 3l of previous year



Total

Deduct unpaid losses Dec. 31 of pre-
vious year



Balance

Add unpaid losses Dec. 31, end of tbe
year



Losses incurred during the year



UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year

Deduct underwriting expenses unpaid
Dec. 31 of previous year

Balance >

Add underwriting expenses unpaid
Dec. 31, end of the year



Underwriting expenses Incurred dur-
ing the year



Underwriting losses and expenses .

Gain from underwriting during the
year ,



1580,738 82
420,525 19



11,011,265 01
480,261 41



1285,938 00
58 74



1285,879 35
94 64



$285,973 99
46,760 26



$239,213 73
46,115 28



$224,756 15
53,840 66



$170,915 49
60.246 00



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year

Deduct interest, dividends and rents
due and accrued Dec. 31, end of the
year



Balance

Add interest., dividends and rents due
and accrued Dec. 31. end of tbe
year



Totsal



$50,409 93
11,959 34



$38.450 50

I
12,587 01



$289,329 01



$531,003 60



231,161 49



$51,087 00



516.490 50



$14,018 10



Digitized by



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756



RHODE ISLAND INS. tO,



UNDERWRITING AND INVESTMENT EXHIBIT-Contlnued.



PROFIT ON INVESTMENTS.
Gain from sale of lodgor as.sotK . . .



Investment income earned during the
year



LOSS ON INVESTMENTS.

Loss from sale of ledger assets ....

Loss from change In difference be-
tween book and marlcet value dur-
ing the year



Loss on investments during the year



INVESTMENT EXPENSES.

Investment expenses paid during the
year



Investment losses and expenses dar-
ing the year



Gain from investments during the
year



$37 37
36,730 30



7,91.'] 13



130,787 671.



1.430 001.

1

I



MISCELLANEOUS EXHIBIT.



Dividends declared to stockholders)
during the year



I
Total gains and losses in surplusl

during the year I .

Surplus Dec. 31. 1912

Surplus Dec. 31, 1913 |

Decrease in surplus during the year|.

Totals i.



Gain in
, Surplus.



$377,233 04
372,480 10



f85,246 16



4,753 84



flO.OOO 00



958.050 93



38.217 67



f20.7S3 M



Loss in
Surplus.

$40.000 00



$40,



Per cent of losses incurred to premiums earned 53.70.
Per cent of underwriting expenses Incurred to premiums earned 43.50.
Per cent of 'nvestment expenses incurred to interest and rents earned 2.80.
Per cent of total losses and expenses incurred and dividends declared to
total hn'onie earned 05.00.



Digitized by



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SECURITY fire; INS. CO. 757



SECURITY FIRE INSURANCE COMPANT,

Davenport, la.

Home office, 217 WEST FOURTH STREET.

[Iiuorporatt'd 18<S3. CoinnjeiH*oil biisiiicHH Noveml»er, ISi-o.]

Date of admission Into WlHCoiisln* 1009.

rnsideut, S. F. OILMAN. Vice Prosideut, J. W. BOLLINOBR.

Secretary, M. C. HINSCH.

CAPITAL STOCK.

Amount of capital paid up In cash $200 ,000 00

Amount of ledger assets December 31 of previous year 9582, 110 98

' INCOME.

Fire.

Cross premiums $332,884 72

Deduct reinsurance premiums, fire, $57,810.08; re-
turn premiums, tire, $28,506.98 86,317 06

Total premiums (otber than i)erpetual) $246,567 66

Gross Interest on moitgage loans, less $.'501.57 ac-
crued interest on mortgages acquired during the
year $21 ,001 9!>

dross interest on collateral loans 1 ,69.S 75

Gross interest on bonds and dividends on stoelcs . . . 600 00

Gross interest on deposits in trust companies and
banks 1,31103

Gross Interest from all other sources: Bills receiv-
able, interest 313 70

Gross rents from company's property, including
$1,500 for company's occupancy of Its own build-
ings 3,794 17

Total gross interest and rents 28.714 64

From other sources: Bills receivable, previously charged to profit •

and loss 9:139

Total income $275,375 69

Total footings $857,486 65

DISBURSEMENTS.

Fire.

Gross amount paid policyholders for losses (includ-
ing $9,260.40 occurring in previous years $137,480 79

Deduct amount received for salvage, lire, $327.10; re-
insurance, fire, $29,822.85; discount, fire, $3.05 .... 30,153 60

Net amount paid policyholders for losses $l07,ii27 IQ



Digitized by



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758 SEcuRirr pire ins. co.

Expenses of adjustment ond settlement of losses 704 12

Commissions or brokerage (iucludlnfir $3,306.40 on risks of other

companies reinsured) less $17,343.02 reinsurance commissions... 58,169 47
Salaries, $10,301, and expenses, $7,100.80, of special and general

agents 17,621 86

Salaries, fees, and all other charges of officers, directors, trus-
tees and home office employes 13, 146 59

Rents 1.800 00

Advertising, $936.59 ; printing and stationery, $2,730.76 3.067 35

Postage, telegrams, telephone and express 2.756 63

Legal expenses 428 75

Furniture and fixtures 177 00

Blaps, including corrections 14S 25

Fire department, fire patrol and salvage corps assessments, fees,

taxes and expenses 174 10

Inspections and surveys 1,327 78

Repairs and expenses (other than taxes) on real estate 410 00

Taxes on real estate 750 00

State taxes on premiums 2,416 13

Insurance department licenses and fees 2,387 02

All other licenses, fees and taxes:

Federal corporation tax $.10 06

Fire marshal tax 434 83

Illinois City taxes 770 80

lown state and county tax 3,771 75

5.027 44

Other disbursements:

Bonds $105 00

Mercantile reports 280 00

Fuel, light, and water 615 23

Janitor and supplies 591 10

Fire prevention convention, fire prevention 20^ 50

Tax Inquiries 7 r».'»

Incidentals ./ 210 44

Bills receivable charged off 869 80

2.W%2 62

Paid stockholders for interest or dividends 24,000 00

Agents' balances charged off 173 35

Total disbursements $245,154 65

Balance $612,332 00



LEDGER ASSETS.

Book value of real estate $44. .777 02

MortgafTC loans on real estate, first liens 421,895 00

Lofln<< senired by pledge of bonds, stocks or other

collateral Ifi.OOO 00

Book value of stocks 5,000 00

Deposit in trust companies and banks

not on interest $31,434 39

Deposit in trust companies and banks

on Interest 34,880 54

60,314 93
Agents* balances representing business written sub-

senuent to October 1, 1913 20,072 22

Agents* balances representing business written prior

to Octol>er 1. 1913 .''..007 7."i

Bills receivable, taken for fire risks 21.794 Kl

Other ledger assets: Due from fire insuring co. .. 5,580 55

f otm ledger assets $612, 332 00



Digitized by



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SECURITY FIRE INS. 00.



769



NON- LEDGER ASSETS.

Interest accrued on mortgages $12,186 46

interest accrued on collateral loans 18 33

Total 12,204 79

Other non-ledger assets: Salvage due v 781 14

Gross assets % $625,317 93



DEDUCT ASSETS NOT ADMITTED.



Agents' balances, representing business written prior to October 1,
1913



5,097 75



Total admitted assets $620.220 18

$3,642 25



Gross losses adjusted and unpaid, not yet due

Gross claims for losses in process of adjustment or

in suspense

Gross claims for losses resisted

Total

Deduct reinsurance due or accrued



6,607 34
1,000 00



$10,249 59
3.240 02



Net amount of unpaid losses and claims



Gross premiums (less reinsurance) received and receivable upon

nil unexpired fire risks, $613,931.79; unearned premiums

Salaries, rents, expenses, bills, accounts, fees, etc., due or accrued

Estimated amount hereafter payable for federal, state and other

taxes based upon business of the year of this statement



$7,009 07

343.468 91
726 66

2,996 67



Total amount of all liabilities except capital $354,208 21



Capital actually paid up in cash $200,000 00

Surplus over all liabilities 66.016 97

Surplus as regards policyholders



266,016 97



Total liabilities $620,220 18



RISKS AND PREMIUMS.



Fire risks.

In forrp on the aist day of Deceinher, 1912 $41 .342,834

Written or renewed during the year 24,246.222

Total :.... $65,580,056

Deduct those expired and marked off ns terminated 16,247,001

In force at the end of the year $49,342,055

Deduct amount reinsured "6,887,713

Net amount in force $42,4M,342



Gross
premiums
thereon.

$6»9.15') 98
332,884 72

$962,035 70
228,658 74

$723,476 96
109,645 17

$013,931 7Q



Digitized by



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760



SECURITY FIRE INS. C30.



RECAPITULATION OF FIRE RISKS AND* PREMIUMS.



Year
written.



Term.



1013


One year or less . . .


1912


Two years


1918


Two years


1911


Three years


1912


Three years


1913


Three years


1910


Four years


1911


Four years



1912
1913
1909.
1910
1911



Four years

Four years ....

Five years

Five years

Five years

1912 J Five years

1913 1 Five years

Over five years



Totals



Amount
covertKi.



$5,969,567

74,. m*?

75.546

.1.201.265

5,134.192

6,654,752

25.345

46.538

26.866

54.011

2,82ri.0fiSf

3,198.2901

3.990,5891

5.185.4091

6.024.9591

7,640)



(iross
premiums
cbanred.
less re-
insurance.



si

|3



$19,538

721

852

37.171

56.721

72,748

330

098

414

917

.%1.69l

.56.239

71.198

87.285

97,267

133



751



1-2
1-4

97[ 3-4
67 1-6
511 1-2
091 5-6
151 1-8
551 .V8
0*1 5-^
151 7-8
411 1-10 I
471 3-10 I
90i 1-2 1
821 7-10 I
151 9-10 I
901 P.R.'



A mount of
premium
unearned.



139,709 5S

180 42

639 73

6.195 28

28.360 75

00,623 91

41 27

261 95

258 78

802 riO

5.109 14

16.871 84

35.599 45

61.100 07

87,540 44

54 00



$42,454,342! $613.931791 1 $343.408 91

I I I



BUSINESS IN THE STATE OF \VISCX)NS1N DURING THE YEAR.



!



Oross nremlnms «n rinks written ..J

Lens $1,906.49 return premiums; and'

$3,927.44 premiums for reinsurance'

in companies authorized In Wlscon-I

sin '



Net premiums received



Losses paid (deduetinir salvapre) I

Ix»ss losses on rislcs reinusred in coni-l
panles authorized In Wisconsin I



Net loss paid



Fire.



Tornado,



. /



I



Gross rislss written f $2,183,9971

Less $259,925 risks cancelled, and I
$298,447 reinsurance in compaulesl I

authorized in Wisconsin | 501,6521

I 1-



I



Net risks written I $1,682.3451



$189,117



V.2."i.6SS 81

I

5,530 a-Ji



303 001



T<oKH«»s incurred

LesH losHCH oil rlslcK r«»lii«ured in ctMn-l
lianies authorized in Wisconsin ..J



,( $2,896 70) $S Ool

$:;.7(r, 87! $8 001



Total.



$245,8371 $2,429,804

I

I
56.7201 558,372



$1,871,402



$1,236 971 $26,925 78



5.833 93



$20.1.'S7 881


$033 97


$21,001 &1


$2,981 021
1
84 321...


Jf8 COI

?

1


$2.9^0 02
S4 3->










84 321.



Net losses incurred



$3,679 55)

I



$8 00^



S2.904 7

$3.77l~S7

84 32

$3,687 55



Digitized by



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SECtTRITY FIRE INS. CO.



?6l



UNDERWRITING AND INVESTMENT EXHIBIT.



UNDERWRITING EXHIBIT.
Premiums.



Total premiums

Add unearned premiums Dec. 31 of
previous year



Total »

Deduct unearned premiums Dec. 31,
end of the year



$246,5e7 66;.

J



304.859 421.



$551,427 08i.
343,46SI>1|.



Premiums earned during tlie year 1 | ^;J07,958 17!



I



UNDERWRITING PROFIT AND
LOSS ITEMS.

Gain from agents* balances preyiously
charged, off ^

Loss from agents' balances charged
off, $173.35 and from other under
writing disbursements, $809.80 ....



Loss from above

Agents' balances and bills

receivable not admitted

Dec. 31, 1912 $5,054 33

Agents' balances and bills

receivable not admitted

Dec. 31, end of the year 5,007 75|



$93 39



1,043 15



I



$947 70



Losa from above



43 4*^*.



Loss from underwriting profit and
loss items



Underwriting income earned during
the year



LOSSES.



Losses paid

Deduct salvage and reinsurance recov-
erable Dec. 31, end of the year ...



Balance

Deduct unpaid logses Dec. 31 of pre-
v.ouH year



$107,327 19
781 14



993 18|.
^I



$206,964 99



$106,546 0r>\



9.S40 1



„.l



Balance I

Add unpaid losses Dec. 31, end of the
year



Losses incurred during the year



UNDERWRITING EXPENSES.

Underwriting expenses paid during
the year I

Deduct underwriting expenses unpaid!
Dec. 31 of previous year !



?9G,705 4«|
7,009 07



$103,741 53[.

I
1



Balance



$107,852 501.

728 651.

$107,123 9l|.



Digitized by



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762



SECtJRltY PIRE iNS. CO.



UNDERWRITING AND INVESTMENT EXHIBIT— Continued.



Add underwriting expenses unpaid
Dec. 31. end of the year



Underwriting expenses incurred dur-
ing the year



726 66



Underwriting losses and expenses.

Loss from underwriting during the
year



INVESTMENT EXHIBIT.
Interest and Rents.

Interest, dividends and rents received
during the year |

Deduct interest, dividends and rentsl
due and accrued Dec. 31, end of tbe|
year I

Balance |

Add interest, dividends and rents duel
and accrued Dec. 31. end of the!



128,714 64
12.114 57



$16,600 07



year | 12,20179



Total



INVESTMENT EXPENSES.

Investment expenses paid during the
year

Deduct investment expenses unpaid
Dec. 31 of previous year



14, ©31 76
2,408 34



Balance



Add Investment expenses unpaid Dec.'
31, end of the year |

Investment expenses incurred during]
the year I .



r.'.523 41
2.9d8 57



107.850 57



.|.



Gain from investments during thel
year



1=
MISCELLANEOUS EXHIBIT. |



Dividends declared to stockholders
during the year



211,565 10
94,660 11



128,804 80



5.5J1 98



9t9,t9!t 88



Total gains and losses in surplus

during the year

Surplus Dec. 31, 1912

Surplus Dec. 31, 1913



Gain in
Surplus.



$71,334 20 .
66.016 971.



8S8,S82 88



Decrease in Kurplus during the yenr|.



Loss in
Surplus.

$24,000 00



$S8.600 11



Totals



I



6,817 U\.



$28,600 U



$28,600 U



Per cent of losses incurred to premiums earned 49.
Per cent of underwriting expenses incurred to premiums earned 51.
Per cent of investment expenses incurred to interest and rents earned 19.
Per cent of total losses and expenses incurred and dividends declared to
total income earned 113.



Digitized by



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SECUklTY ri^s. CO. ^6^

SEOTJBITT mSUBANOE COMPANY,

New Haven, Conn.

Home Office, CORNER ELM AND CHURCH STREETS.

[Incorporated May, l&U; commenced busineaa May, 1^41; admitted, 1885.]

President, JOHN W. ALLINQ. Vice President B. G. STODDARD.

Secretary, VICTOR ROTH.

CAPITAL STOCK.

Amount of capital paid up in cash $1,000,000 00

Amount of ledger assets, December 31 of previous year $3,954,870 00

INCOME.

Pire

Gross premiums $3,476,648 IS

Deduct reinsurance premiums, fire, $664,071.14; re-
turn premiums, Are, $693,325.17 1,337,396 31

Total premiums (other than perpetual) $2,119,251 87

Gross interest on mortgage loans $18, 774 02

Gross interest on collateral loans 2, 753 02

Gross interest on bonds and dividends on stocks,
less $35,097.44 accrued interest dn bonds acquired
during the year 138,539 34

Gross interest from all other sources:

Premium notes, $27,534, bills receivable, $333.33.... 608 67
Philaderphia underwriters deposit, $3.15; reinsur-
ance bureau, $33.89 , 37 04

Gross rents from company's property, including
$12,160.50 for company's occupancy of its own
buUdings 13,064 03

Total gross interest and rents 173,777 02

From other sources :

Borrowed money $90, 000 00

Conscience money 33 00

90,033 00
Prom agents' balances previously charged off 721 55

Gross profit on sale or maturity of ledger nssets:
Bonds 4 3,815 62

Total income $2,387,599 06

Total footings $6,342,469 06

DISBURSEMENTS

Plre

Gross amount paid policyholders for losses (includ-
ing $227,894.23 occurring in previous years) $1,308,420 54

Deduct amount received for salvage, flre, $11,396.97;
reinsurance, flre, $238,274.68; discount. Are, $993.42 250,665 07

Net amount paid policyholders for losses $1,117,701 47

Digitized by LjOOQK



V64 SECURITY INS. CO.

Expenses or adjustment and settlement of losses 2C,TS7 5S

Commissions or brokerage less ^iy4,>:i«;i.i;{ reinsurance eouimis-

slons 445, CGI 84

Allowanees to local agencies for miscellaneous agency expenses.. 17,140 3S>
Salaries, ?50,yi7.91, and expenses, ;p46,713.22, of special and gen-
eral agents 97,631 13

Salaries, fees, nid all other charges of officers, directors, trus-
tees and home office employes 116,807 W

Rents, including $12,162.50 for company's occupancy of its own

buildings 15,516 07

Advertising, r2,«99.32; printing and stationery, ?16,029.80 18,129 12

Postage, telegrams, telephone and express 14,798 17

Iiegal expenses 2,811 86

Furniture and fixtures 3,828 75

Maps, including corrections 7,352 77

Underwriters' boards and tariff associations 22,182 03

Fire department, tire patrol, and salvage corps assessments, fees,

taxes and expenses 14 ,273 78

Inspections and surveys 14, 116 68

Repairs and exi)enses (other than taxes i on real estate ?<7o 1*7

Taxes on real estate 2.219 24

State taxes on premiums 3S,744 68

insurance department litn^nses and fees 13,108 66

All other licenses, fees and taxes:

Federal corporation tax $710 60

Municipal licenses 5,753 16

Tax on capital stock 18,769 47

City and county tax 4. 465 15



29.698 38



Other disbursements:

General expenses $12,542 72

Borrowed money 90,000 00

Interest on borrowed money 418 20



102,960 92

Paid stockholders for interest or dividends 100,000 00

Agents balances charged off 674 29

Gross loss on sale or maturity of ledger assets: Bonds 1,038 75



Total disbursements , $2,224,120 45



Balance $4,118,348 61



LKDGKU ASSETS.

Book value of real estate : . . . $239,218 25

Mortgage loans on real estate, first liens 411,500 00

Loans secured by pledge of bonds, .stocks or other

collateral 24.750 00

Book value of bonds, ^;2.241.14.').!»:i, and sto«ks, $740,-

288.14 2.9R1,4.TI 07

Cash in company's otiice $S, 754 5<i



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